Yum Sets Aside $1 Billion for Buybacks -- Update

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Maria Armental Yum Brands Inc. is setting aside $1 billion for possible share buybacks through May 31, 2016, the company said Thursday. Separately, the Louisville, Ky., restaurant operator that owns KFC, Pizza Hut and Taco Bell said Elane Stock ...

Asian Shares Mixed, Japan Slides

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

Investors sold stocks in Japan, with Prime Minister Shinzo Abe set to dissolve the lower house Friday in preparation for an election next month. The Nikkei Stock Average was down 0.5% at 17215.02 as the U.S. dollar held roughly flat. ...

Obama's Immigration Plan Seen Affecting Wages, Job Moves

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Damian Paletta WASHINGTON--President Barack Obama's move to offer legal-worker status to several million undocumented immigrants will send unpredictable ripples through the U.S. economy, prompting many to seek higher-paying jobs and heightening competition for positions in a number of sectors, ...

Korea Gas Seeks to Sell Part of LNG Canada Stake

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Chester Dawson CALGARY-- Korea Gas Corp. is seeking to sell part of its 15% stake in a Royal Dutch Shell PLC-led natural gas export terminal planned for the Pacific coast of Canada, according to a spokesperson for the project. ...

Oil Futures Edge Higher, Brent Pushes Toward $80 a Barrel

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Eric Yep Crude-oil futures extended overnight gains in Asian trade Friday on growing confidence that the Organization of the Petroleum Exporting Countries will take action to cut some supply at next week's meeting. On the New York Mercantile Exchange, ...

Malaysia October CPI +2.8% on Year; Below Expectation

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Jason Ng KUALA LUMPUR--Malaysia's consumer price index--the country's main gauge of inflation--rose 2.8% from a year earlier in October, mainly driven by an increase in the costs of transportation, utilities and food, official data issued Friday showed. The index ...

Modi Presses Reform for India--But Is it Enough?

TODAY: Nov. 21, 2014 PUB DATE: Nov. 20, 2014

By Raymond Zhong NEW DELHI--Indian Prime Minister Narendra Modi has been on a tear, announcing everything from a "Make in India" campaign to a purge of outdated laws and a public-cleanliness drive, all aimed at boosting economic growth. Still uncertain ...

This Season's Hottest Drama: Global FX Wars -- Barron's Asia

TODAY: Nov. 21, 2014 PUB DATE: Nov. 20, 2014

By Wayne Arnold In today's episode of "Game of Thrones: Currency Wars Unit," we turn to the unfolding drama in Ukraine. There, on the eastern border, Russian forces are reportedly massing to protect ethnic-Russian separatists from any attempt by Kiev ...

CURRENCIES: Yen Hits Fresh Lows Against Dollar, Euro

TODAY: Nov. 21, 2014 PUB DATE: Nov. 20, 2014

By Tatsuo ItoTrader: No major resistance in the run up to Yen120 The yen tumbled versus major currencies in Asia Thursday, hitting a fresh seven-year low against the dollar as investors remain keen to sell off the Japanese currency following ...

CGN Power Secures IPO Cornerstone Investors

TODAY: Nov. 21, 2014 PUB DATE: Nov. 20, 2014

By Prudence Ho And Yvonne Lee HONG KONG--China's largest nuclear firm has secured at least 15 cornerstone investors, including Singapore's sovereign-wealth fund, to take up around 40% of its US$3 billion Hong Kong initial public offering next month. CGN Power ...

China Manufacturing Shows Weakness in November

TODAY: Nov. 21, 2014 PUB DATE: Nov. 20, 2014

By Richard Silk BEIJING--A closely-watched gauge of activity in China's manufacturing sector declined in November after a pickup the previous month, adding to concerns over the health of the world's second-largest economy. The preliminary HSBC China Manufacturing Purchasing Managers Index ...

Springleaf, Centerbridge Weigh Bids for Citigroup's OneMain

TODAY: Nov. 21, 2014 PUB DATE: Nov. 20, 2014

By Mike Spector, Christina Rexrode and Gillian Tan Subprime lender Springleaf Holdings Inc. and private-equity firm Centerbridge Partners LP are among those separately weighing initial bids for Citigroup Inc.'s U.S. subprime lending business ahead of a Thursday deadline, said people ...

Italy's Industrial Orders Fall in September

TODAY: Nov. 21, 2014 PUB DATE: Nov. 20, 2014

By Giada Zampano ROME--Italian industrial orders fell in September, on the back of a contraction in both foreign and domestic demand. Industrial orders slipped 1.5% on the month, reversing an equal rise in August, national statistics institute Istat said Thursday, ...

CGN Power Secures IPO Cornerstone Investors -- Update

TODAY: Nov. 21, 2014 PUB DATE: Nov. 20, 2014

By Prudence Ho and Yvonne Lee HONG KONG--China's largest nuclear power plant operator has already sold 40% of its coming US$3 billion Hong Kong initial public offering to cornerstone investors, a sign that interest for what is set to be ...

U.S. Consumer Prices Unchanged in October

TODAY: Nov. 21, 2014 PUB DATE: Nov. 20, 2014

By Jeffrey Sparshott and Jonathan House WASHINGTON--U.S. consumer prices held steady last month, the latest sign of weak inflation at home amid soft energy prices and slow growth abroad. The consumer-price index, which measures how much Americans pay for everything ...